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opportunity to do something big. we have a chance to stabilize americas finances for a decade, for 15 years or 20 years. if were willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says were going to make significant cuts in domestic spending. and i have already said im willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and...

Currency rather than adopting the new euro were seen as old fashioned, parochial, reactionary, and out of sync with the new world. that was then. but over the past year or two, britains position has begun to look pretty sensible. the euro has obvious benefits. no more worrying about dozens of currencies going up and down. but given how it was set up, it also has many flaws. lets take a look at them through the prism of one country, greece, the poster child of the euros problems. when it first jo...

Had chosen to keep their own currency rather than adopting the new euro were seen as old fashioned, parochial, reactionary and out of sync with the new world. that was then. but over the past year or two, britains position has begun to look pretty sensible. the euro has obvious benefits. no more worrying about dozens of currencies going up and down. but given how it was set up, it also has many flaws. lets take a look at them through the prism of one country, greece. the poster child of the euro...

but first up -- the chances of peace in the middle east after the latest round of speeches by prime minister netanyahu and president obama. ill be joined by tom friedman of "the new york times" who is just back from the middle east. now, heres my take for this week. weve just gone through an arcane debate about whether barack obama said anything new when he called for an israeli/palestinian settlement based on 1967 borders with mutually agreed upon land swaps. in fact, that has been ...

but first up -- the chances of peace in the middle east after the latest round of speeches by prime minister netanyahu and president obama. ill be joined by tom friedman of "the new york times" who is just back from the middle east. now, heres my take for this week. weve just gone through an arcane debate about whether barack obama said anything new when he called for an israeli/palestinian settlement based on 1967 borders with mutually agreed upon land swaps. in fact, that has been ...

She has the fire in the belly. that to me was the closest indicator weve gotten that she is really considering this. >> thats what voters are looking for. somebody who is passionate about what is going on in this country many one thing about sarah palin, the timing of this would be impeccable. when you talk about oil prices still above $100 as of today. goldman sachs says going to was -- going to $135. we talk to people in the induce see everyday who say she would be a big win for the oil indust...

That to me was the closest indicator weve gotten that she is really considering this. >> thats what voters are looking for. somebody who is passionate about what is going on in this country many one thing about sarah palin, the timing of this would be impeccable. when you talk about oil prices still above $100 as of today. goldman sachs says going to was -- going to $135. we talk to people in the induce see everyday who say she would be a big win for the oil industry and gas prices in america. b...

Theyve got a tense relationship. is this meant to provoke benjamin netanyahu to saying this is where we want to go with this? >> no. look i mean, if youre giving a speech in part to the arab audiences about the arab spring, which was most of the speech by the way, the arab israeli conflict was a smaller part of the whole thing and not about minutia, didnt get much into details, but when you think about it, if youre speaking to an arab audience and you know arab audiences historically looked at t...

seeing the release of dominique strauss-kahn. >> thats right. in fact, were waiting for the former imf chief to walk out of jail. a judge agreed to free him on bail yesterday. thats the same day a grand jury indicted him. in order to get out of jail strauss-kahn will post bail of $1 million and a $5 million insurance bond and forced to wear an electronic monitoring bracelet and guarded around the clock. >> strauss-kahn had been under suicide watch or has been and could be walking out o...

>> reporter: i wanted to respond to something michael said. i had a similar question to folks behind the scenes at the white house. and they said, look, one thing that some people wanted to say this speech is cairo-two that president obama came addressed in 2009 that took place in cairo, a very different cairo at that time. this speech is being directed at an american audience, too. and every -- you know, all of the policy decisions being made here is through the prism of americas interests, is ...